Hello Friends,
Previous Day: Keep momentum continue for upside and traded above previous day with vwap support.
Participant Wise: FII ,Pro and Clients almost neutral changes and overall small bullish position except DII only Bearish.
OI Based: Nifty showing momentum Future OI buildup and Banknifty Fut OI unwinding.
Trend: Multi timeframe, showing bullish trend. Only 15mins and hourly chart showing little divergence but until YL safe stay with bullish trend.
Global: Global looks mixed and China market closed today.
Opening: SGX showing positive opening.
Range: Resistance 11800-11820 (major hurdle) & Support 11700, 11750. rest keep eye on strike price as weekly expiry today.
Overview: Good level for swing trader to book some profit and aggressive player can do pyramiding. No fresh long for swing and Intraday trader go for best RR setup.
Thanks n Regards!
SanJeet Kumar
Twitter: www.twitter.com/sanjufunda
Telegram: t.me/sfviews
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